BAM International Confirms New Deal in Canada
- Business & Finance
BAM International – together with JJM Construction (Canada) and Manson Construction (USA) – has received the full order to build the new Rio Tinto BC Works Terminal A on behalf of LNG Canada.
The mobilization and construction works being carried out by BAM and its partners for the Rio Tinto Terminal A expansion have started. BAM expects to complete this project in Autumn 2020.
The project is valued at €95 million, with BAM’s share amounting to 50% and JJM and Manson covering the other 50%. BAM initially announced this contract in October 2017, ahead of final confirmation by LNG Canada.
The LNG Canada Project
LNG Canada has agreed to extend the existing BC Works Terminal A in exchange for their Terminal B, which handles exports of finished products for Rio Tinto’s ongoing operations.
The location of Terminal B coincides with LNG Canada‘s Liquified Natural Gas (LNG) export terminal in Kitimat, British Columbia (approximately 600 km north-west of Vancouver). LNG Canada represents the largest private investment in Canadian history.
The project will consist of a 320 x 60 meter terminal for the Rio Tinto BC Works, as well as a berth for cargo barges. Both elements will be built on more than 400 steel piles with a concrete deck of approximately 20,000m³.